US Oil Output Falls in May for First Time Since January

Wednesday, July 31, 2024
© Lukasz Z / Adobe Stock

U.S. crude oil production fell in May in its first monthly decline since January, while fell natural gas output decreased to its lowest since February 2023, data from the U.S. Energy Information Administration showed on Wednesday.

Crude oil production fell by 61,000 barrels per day (bpd) to 13.18 million bpd in May, as lower output from the Federal Offshore Gulf of Mexico and North Dakota offset record production in Texas and New Mexico, the EIA said.

Gross natural gas production in the U.S. Lower 48 states fell for a third month in a row in May to 113.8 billion cubic feet per day (bcfd), according to EIA's monthly 914 production report.

That was the first time gas output fell for three months in a row since October 2020 and compares with a monthly record high of 118.2 bcfd in December 2023.

In top gas-producing states, monthly output in May rose to a record high of 35.1 bcfd in Texas and a three-month high of 19.5 bcfd in Pennsylvania.

That compares with a monthly record high of 21.9 bcfd in Pennsylvania in December 2021.


(Reuters - Reporting by Shariq Khan and Scott DiSavino; Editing by Mark Porter and Marguerita Choy)

Categories: Oil Production North America

Related Stories

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Norway's Oil and Gas Output Falls Behind Forecast In May

Norway's Oil and Gas Output Falls Behind Forecast In May

ENEOS Gets Extension for Gas Block off Malaysia

ENEOS Gets Extension for Gas Block off Malaysia

Current News

ESAB Fast-Tracks Welding Efficiency, Effectiveness

Seequent Receives Award at Global Offshore Wind 2025, Hosts Upcoming Webinar

Libya Blocks Greek Tender for Hydrocarbon Exploration Off Crete

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Subscribe for OE Digital E‑News

Offshore Engineer Magazine